Asia-Pacific Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Asia-Pacific Renewable Energy Market is segmented by type (Solar, Wind, Hydro, Bioenergy, and Other Types) and Geography ( China, India, Japan, Australia and Rest of Asia-Pacific)

Asia-Pacific Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

APAC Renewable Energy Market Size

View Global Report
Asia-Pacific Renewable Energy Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 9.00 %
Market Concentration Low

Major Players

Asia-Pacific Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia-Pacific Renewable Energy Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

APAC Renewable Energy Market Analysis

The Asia-Pacific Renewable Energy Market is expected to register a CAGR of greater than 9% during the forecast period.

  • Solar technology is expected to dominate during the forecast period due to the declining cost of solar power generation.
  • Coal-fired power stations, which form a significant part of the region's electricity generation, are ageing and will retire after a certain period. They will not serve the Asia-Pacific in the long run, which creates ample opportunity for the renewable energy market to carve out a significant place in the power generation mix.
  • China is expected to dominate the Asia-Pacific renewable energy market during the forecast period due to increasing investment in the sector.

APAC Renewable Energy Industry Overview

The Asia-Pacific renewable energy market is fragmented. The key players in the market include Iberdrola SA, Xinjiang Goldwind Science & Technology Co., Ltd., Vestas Wind Systems AS, Tata Power Company Limited, and Trina Solar Ltd. among others

APAC Renewable Energy Market Leaders

  1. Iberdrola SA

  2. Trina Solar Ltd.

  3. Tata Power Company Limited

  4. Vestas Wind Systems AS

  5. Xinjiang Goldwind Science & Technology Co., Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Asia-Pacific Renewable Energy Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

APAC Renewable Energy Market News

  • In June 2022, New Energy and Industrial Technology Development Organization (NEDO) and IHI Corp jointly developed and successfully tested a system that could provide a reliable, steady form of renewable energy. The sea turbine, Kairyu, a floating structure, features two counter-rotating turbine fans. Furthermore, IHI Corp plans to install The sea turbine in the Kōchi Prefecture near Japan. According to the NEDO, the Kōchi Prefecture region is likely to have a capacity of around 200 GW.
  • In December 2021, the Yangjiang Shapa Phase 2 offshore wind farm was fully operational. The project is located in the waters west of Shapa, off the city of Yangjiang in Guangdong Province, and has a capacity of 400 MW comprising 62 6.45 MW offshore wind turbines.
  • In November 2021, GRS signed a contract with X-Elio to build its Blue Grass Solar Farm project in Queensland, Australia. GRS will provide EPC services to the 200MW power plant, which is expected to produce around 420,000MWh of output per year after coming into service.
  • In November 2021, the Molong Solar farm in New South Wales became operational, adding 39MWp of installed capacity in Australia. The photovoltaic project consists of 89,088 PV modules and 1,024 solar trackers spread over 80 hectares of land.
  • In October 2021, GE Renewable Energy secured a contract from JSW Energy Ltd, part of the local conglomerate JSW Group. As a part of the contract, JSW has ordered 810 MW of onshore wind turbines for its upcoming projects in Tamil Nadu.

APAC Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Renewable Energy Mix, As of 2021
  • 4.3 Renewable Energy Installed Capacity and Forecast in GW, till 2027
  • 4.4 Government Policies and Regulations
  • 4.5 Recent Trends and Developments
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 Industry Attractiveness - Porter's Five Force Analysis
    • 4.8.1 Bargaining Power of Suppliers
    • 4.8.2 Bargaining Power of Consumers
    • 4.8.3 Threat of New Entrants
    • 4.8.4 Threat of Substitute Products and Services
    • 4.8.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Solar
    • 5.1.2 Wind
    • 5.1.3 Hydro
    • 5.1.4 Bioenergy
    • 5.1.5 Other Types
  • 5.2 Geography
    • 5.2.1 China
    • 5.2.2 India
    • 5.2.3 Australia
    • 5.2.4 Japan
    • 5.2.5 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Vestas Wind Systems A/S
    • 6.3.2 General Electric Co.
    • 6.3.3 Suzlon Energy
    • 6.3.4 Xinjiang Goldwind Science Technology Co. Ltd
    • 6.3.5 Iberdrola SA
    • 6.3.6 Tata Power Company Limited
    • 6.3.7 Adani Green Energy Limited
    • 6.3.8 Siemens Gamesa Renewable Energy SA
    • 6.3.9 Acciona SA
    • 6.3.10 JinkoSolar Holdings Co. Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

APAC Renewable Energy Industry Segmentation

The Asia-Pacific Renewable Energy Market include:

Type Solar
Wind
Hydro
Bioenergy
Other Types
Geography China
India
Australia
Japan
Rest of Asia-Pacific
Need A Different Region or Segment?
Customize Now

APAC Renewable Energy Market Research FAQs

What is the current Asia-Pacific Renewable Energy Market size?

The Asia-Pacific Renewable Energy Market is projected to register a CAGR of greater than 9% during the forecast period (2025-2030)

Who are the key players in Asia-Pacific Renewable Energy Market?

Iberdrola SA, Trina Solar Ltd., Tata Power Company Limited, Vestas Wind Systems AS and Xinjiang Goldwind Science & Technology Co., Ltd. are the major companies operating in the Asia-Pacific Renewable Energy Market.

What years does this Asia-Pacific Renewable Energy Market cover?

The report covers the Asia-Pacific Renewable Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia-Pacific Renewable Energy Industry Report

Statistics for the 2025 Asia-Pacific Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Renewable Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.